We've had that all important rejection of the 1.25 level. I was being a pussy so i missed out on a few pips since the rejection. I missed my opportunity on it but I'll still be trading the 4HR breakout swings. We may see some ranging on this pair. The steeper it gets, the weaker. SO, before we see a long opportunity, UC will range for a few days and consolidate...
See the related idea below for more commentary. This is a bigger picture wave count for WEED that is clearer to see using a line chart. According to this count, just shy of validation, we are in wave ((iii)) of 3 of (1) of ((5)). Lots of upside!
$WEED is just shy of invalidating the bearish count (red). Things are looking bullish for WEED based on the blue Elliott Wave count. A three wave zigzag (A)-(B)-(C) completed in June and the initial build up of 1-2 waves is what we see now. Additionally, the changing to a negative social mood supports from a socionomic perspective the repeal of prohibition. This...
Pure Speculation, without any underlying basis for price, is a pure expression of human emotion. Therefore, Fibonacci, in my opinion, is reliable, because human emotion is an expression of the universe, and Fibonacci is ubiquitous in our universe, seen in everything This is shown with AMMJ, one of the most traded marijuana stocks during the California election run up
I drove past the new project site the Edmonton International Airport. It will be the world's largest single cannabis growing operation from my understanding. I not sure why anyone wouldn't buy with a chart like that but it's only my opinion. Especially with the 20 MA crossing the 100 MA
On watch, a bit early as will ramp up likely towards 2018 july. will wait for confirmation after next weekly close. $WEED $HMMJ (TSX)
Wait for WEED to bounce back from the daily Trend Line (around 8.5) then go for long!
Williams %R still not oversold. Bids set in yellow box. Also have a series of three higher highs indicating possible trend up (although we have been trading in a range since November). Aurora may be more efficient than other Cannabis companies once their new facilities are constructed.
Look at the chart!
While many fans of marijuana stocks are pointing towards an upward move, i am sure that this stock has reached it's peak for a long time now. The chart shows a lot of stagnation and resistance near 0.70 and the stock could dip lower anytime now. Many factors point towards a red flag: 1) This company is based overseas, and conducts research overseas, meaning...
OTC:USMJ With Cannabis's strong hold on the U.S. I would jump on board soon and hold long!!
Looking for a break of $5.50 level, retest, and bounce.
What do you guys think? It's been in consolidation for so long now. Poised to break out?
imo weedcoin hype is coming in few months because of upcoming weed legalization in Canada
Declines according to tradingview measure tool. Look for a bottom around mid-high .70s all things constant. Needs bullish signal! Backup entry .55-.61 range. Hope this helps if you are long. Just my advice from personal study. Happy Trading!
The entire Cannabis OTC sector seems to be in absolute peril the last few days. I know many are cutting their losses and getting out, so forgive me for being a bit of a bag holder now and and buckling in for the storm. I do not know how much further down this will go, nobody does. I've lost about $800 or so since opening today on this stock, but I'm still going...